What is the Importance of Having a Will?
Your life is a journey filled with accomplishments, connections and cherished items, but have you considered what will happen to all you’ve built once you’re no longer here? A will is a powerful legal document which ensures all of your assets are distributed according to your wishes and that your close ones are protected when you’re no longer there to guide them. In this post, we delve into the importance of having a will, exploring how this document can provide you and your loved ones peace of mind and security.
Having a will allows you to devise and dispose of the property you are entitled to at law or in equity at the time of death. Simply put, your wishes for your assets will be carried out exactly how you please. This includes financial assets and all of your possessions, like pieces of art, furniture and land. A will allows you to clearly state instructions for who will take care of your children, pets, estate, etc. and for possible end-of-life ceremonies.
Having this document prepared ahead of time simplifies the estate’s administration, helps to avoid delays in settling the estate and provides clarity to your loved ones regarding your true wishes.
Do not fear; making all these decision about who gets what sounds intimidating, but your will can be modified as frequently as you’d like. This ensures that it is an accurate and up-to-date document.
In short, creating a will might seem scary, but it is vital. Taking this simple yet essential step ensures that your wishes are respected, your assets are distributed according to your desires, and your loved one’s futures are secure.
If you have questions about writing your Will, let us assist you.
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